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ECB’s Asmussen sees EU bank supervisor in place in 2013

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MILAN (Reuters) – The European Central Bank will be able to fully act as Europe’s unified banking supervisor only from next year, a top ECB policymaker told an Italian daily on Saturday, adding it was important to keep the new role distinct from monetary policy. ECB Executive Board member Joerg Asmussen also told La Stampa daily that Italy had made great progress in terms of improving its public finances, but had now to address the problem posed by its near-zero potential growth. . . .

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